In recent years, pandemics
such
as COVID-19 have inflicted significant economic and social damage on nations worldwide, resulting in widespread unemployment and rising inflation. Linking Words
However
, I strongly believe Linking Words
this
issue can be addressed by implementing strategies Linking Words
such
as introducing Linking Words
tax
incentives, subsidising small-scale businesses and fostering Use synonyms
entrepreneurship
through start-up support programmes.
A feasible approach to mitigating the adverse financial consequences of a pandemic is the implementation of Use synonyms
tax
incentives. By imposing Use synonyms
tax
regulations Use synonyms
such
as Linking Words
tax
-free periods, the government can support small-scale Use synonyms
business
. Fix the agreement mistake
businesses
For example
, the Kazakh government declared Linking Words
tax
-free years during and after the pandemic, which was a catalyst for business, allowing entrepreneurs to cover other liabilities. Use synonyms
This
, in turn, decreases financial burden and helps organisations grow rapidly.
Linking Words
Secondly
, the government can subsidise small-scale businesses. Linking Words
This
can be done by funding organisations through economic programs Linking Words
such
as low-rate bank loans, which play a crucial role in fostering investments in new areas like public services. Linking Words
For example
, Halyk Bank, a state-owned corporation, offered business loans with an annual interest rate of approximately 2%, which significantly contributed to economic recovery in the post-pandemic period. Linking Words
Subsequently
, Linking Words
this
approach enhanced economic welfare not only for individuals but Linking Words
also
for the state itself.
Linking Words
Finally
, fostering Linking Words
entrepreneurship
through start-up support programmes can create long-term resilience in national economies. Governments can establish innovation hubs and provide grants or mentorship opportunities for emerging entrepreneurs, enabling them to develop innovative products and digital solutions that generate employment. Use synonyms
For instance
, initiatives Linking Words
such
as Kazakhstan’s “Business Road Map 2025” have offered start-ups both financial assistance and training, which has encouraged innovation and reduced dependency on external markets. Linking Words
Consequently
, promoting Linking Words
entrepreneurship
not only diversifies the economy but Use synonyms
also
equips nations to withstand future crises more effectively.
In conclusion, Linking Words
although
pandemics have caused substantial financial disruptions worldwide, Linking Words
this
challenge can be effectively mitigated through well-designed economic strategies. By introducing Linking Words
tax
incentives, subsidising small-scale businesses, and fostering Use synonyms
entrepreneurship
, governments can stimulate sustainable economic growth, protect employment, and ensure long-term financial stability for both individuals and the state.Use synonyms